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Homes Contract for Deed

Regardless of past credit you can still own a house.

Working with a knowledgeable Broker is a must I cant stress this enough. Our company will find you a home in whatever city or county you want to live in if there are properties for sale Contract for deed we will find them for you.

If you have a little bit of money to put down we recommend looking at Rent to own or Lease options. The amount of money you need down for these types of options can vary per owner.

Getting a Mortgage is always the best way to buy a home if that is possible. The buyer gets a lower rate the length of the Mortgage is longer than a contract for deed.

We now have New Construction contract for deed in Orono-Mound-Maple Grove-Brooklyn Park.

Find homes in the counties below.

 Pine -Mille lacs-Isanti -Chisago-Anoka-Washington-Hennepin- Ramsey- Wright -Carver-Scott -Dakota-Sherburne -Carver-Benton -Rice-Goodhue

We work with contract for deed homes on a daily basis call us today.

Have you thought of owning a cabin or lakeshore property but you don’t qualify for 2 houses we can help you. You may purchase a house with Owner financing and let the Seller carry the contract for 3-5 years till you your situation improves to get a mortgage.

We have some homes with acreage up in Northern Minnesota and Central Minnesota-Southern Minnesota-Western Minnesota-Eastern Minnesota- We cover the entire Twin cities Metro area including Saint Paul and Minneapolis

HOW DO YOU QUALIFY FOR OUR CONTRACT FOR DEED PROGRAMS?

* Money down is usually around 10% of the sale price of the property.

* Sometimes a Bank statement or Tax return to show you have the down payment .

* Proof of employment.

“Credit usually not an issue”

 

BOARDWALK PREMIER REALTY INC

Steve Vennemann (651-334-8312) BROKER

$ 499,900
Beds
5
Baths
4
Garages
3
Sqft
5802
$ 159,900
Beds
2
Baths
2
Garages
2
Sqft
1072
Beds
2
Baths
3
Garages
3
Sqft
1346
$ 204,900
Beds
3
Baths
1
Garages
2
Sqft
1120
$ 189,500
Beds
2
Baths
1
Garages
1
Sqft
1107

Contract for deed 3329 Highland Avenue, Minnetonka MN 55391

Hennepin County

Courtesy By: Keller Williams Premier Realty Lake Minnetonka
$ 359,900
Beds
5
Baths
3
Garages
3
Sqft
2740
$ 347,500
Beds
3
Baths
2
Garages
2
Sqft
2051

Contract for deed 2828 Fairoak Avenue, Anoka MN 55303

Anoka County

Courtesy By: Minnesota Realty Guide, LLC
$ 164,500
Beds
3
Baths
2
Garages
1
Sqft
1442

12750 182nd Street N, Scandia MN 55047

Washington County

Courtesy By: Keller Williams Integrity RE
$ 398,000
Beds
3
Baths
1
Garages
2
Sqft
1080
$ 148,700
Beds
3
Baths
2
Garages
2
Sqft
1064

1406 E Belmont Lane E, Maplewood MN 55109

Ramsey county

Courtesy By: DeLisle Company, Inc.
$ 204,000
Beds
2
Baths
1
Garages
2
Sqft
989
$ 284,850
Beds
3
Baths
2
Garages
2
Sqft
1944
$ 152,500
Beds
3
Baths
3
Garages
2
Sqft
1594
$ 179,900
Beds
3
Baths
2
Garages
2
Sqft
1196
$ 369,900
Beds
3
Baths
1
Garages
2
Sqft
1805

IS CONTRACT FOR DEED THE RIGHT OPTION FOR ME?

If you want to own a home verses renting or rent to own-leasing then cd is the best option.

 

Bennefits of contract for deed buyers

  • Tax bennefits write off the cd interest on your tax returns.
  • Make the house your own painting-adding a fence ect-pets ok
  • Build equity verses paying off some elses mortgage.
  • Save $1000 on closing costs- NO origination fees-lender fees.
  • NO BANK Qualifying
Contract for deed is a great alternative financing program. If you cant get a mortgage why would you want to keep renting if you have money to put down on a home. Alot of people with good credit are also buying homes on a cd due to FHA mortgage insurance. The Mortgage insurance payment on a $200,000 can be $250 amonth that is alot of money for 30 years. Alot of buyers refinance into a conventional mortgage towards the end of the 5th year of the contract. The rental market is really expensive right now it costs more to rent a home in the twin cities metro area's than it costs to buy one. That is something to think about.

Sellers cd advantages 

Cash flow-steady stream of income. Sellers can make a better return on thier money verses the bank account-charge a higher rate than a mortgage. Easy to cancel the land contract- In Minnesota the law states the seller can "rescind-cancel" the contract in 60 days. Experience does matter and remember it doesn't cost you anything to use mnlakeplace.com when you purchase your dream lake home or Lake Property. We have lake homes contract for deed.

***Remember there is alot to know when buying or selling a Property with contract for deed terms. We can take the stress out of researching properties for you.***



Western Minnesota owner financed homes-Eastern Minnesota owner financed homes-Southern Minnesota owner financed homes-Northern Minnesota owner financed homes.

MINNESOTA SELLER FINANCING

BELOW YOU WILL FIND CD TIPS TO MAKE DRAFTING A PURCHASE AGREEMENT ALOT EASIER.


  • When buying or selling a property contract for deed we recommend using BoardWalk Premier Realty INC
  • Always use a title company when buying a cd house or selling. The reason is the title company or law office can provide both parties with a title search and if the buyer chooses the buyer may purchase title insurance we recommend the buyer purchase this insurance to protect themselves against and liens-assessments ect.
  • Some people think contract for deeds are just for people with bad credit that is not the case. A lot of people buy c4d properties with good credit they don’t want to leverage all their credit or self employed or relocation haven’t been at a job long enough to get a mortgage. Another reason is FHA mortgage insurance is really expensive they keep raising the fees so now buyers are choosing owner financing and refinancing in to a conventional loan or selling the house in a few years.
  • MN homes contract for deed can be the perfect solution for buyers looking to have a home but cannot get financing.
  • Contract for deeds is NOT the same as rent to own-leasing-carry back mortgage. Totally different.
  • Buyers will want to know if they can sell the cd with out refinancing it. Letting another buyer assume the contract is a great item to have for the buyer. That is something we put in all our land contracts
  • Buyers will want home owners insurance-decide if they want to escrow taxes or pay seller directly.
  • Always get a home inspection.
 

CREDIT TO HELP REFINANCE CD HOME EASIER

Make sure buyers open 2-3 accounts and pay on time monthly. Do not go over 25% of the credit limit. Banks will want 1-2 years of payments on time. If you cannot get a credit card there are cards you can put money down and they will give you a card and you can pay on it. The main thing is to get credit and someone reporting to your credit bureau.

  • Sellers have the right to cancel a MN contract for deed 60 days after default seek legal advice on that. Buyer may sign back the contract with a quit claim deed. Seek legal advice on that also.
Homestead sometimes when you buy a home it is non home stead the buyer can call the county or city the property is in and see what the taxes would be once it is homestead. Record the contract for deed it is the law in MN but if you close at a title company or law office they will do it for you.  

BUYING A HOME CONTRACT FOR DEED USING BOARDWALK PREMIER REALTY INC 

We work with installment contracts-purchase money mortgages daily. There is a lot to know when drafting the purchase agreement and land contract.

  • Remember with RENT TO OWN if you DO NOT exercise your option to buy the property you will loose out on down payment-and any payments you have made to the owner. Make sure you DO NOT Make any repairs to the house until you refinance it because if you don’t buy it you loose out on all of the repairs you put into the house.
The buyer has the right to occupy claim homestead status. Most of the time the buyer gets possession at closing unless stated in purchase agreement. If the buyer defaults on the contract for deed the seller may cancel the contract to reclaim the property. In Minnesota the seller with have to serve buyer a cancelation from a third party and proceed at court.

mnhomescontractfordeed.com

Selling a home in todays real estate market.

2014 Market Update, year-over-year median home prices have been on the rise for two straight years in the 13-county metro area.  

SELLERS

Inventory remains near a 10-year low, and year-over-year double digit price increases are almost becoming standard. These are two sure signs of a sellers’ market and if they both continue, smart sellers will be able to entice buyers for their properties at a fair price quite